ZCLASSIC WTH?! PUMP AND DUMP?! OR OPPORTUNITY?
ZClassic a hard fork or a failed project, pump and dump scheme? This project was thought to be hard fork and a lot was expected from ZCL, however the price of the coin went on a free fall (when a man is on a free fall, there is no force acting on him except the gravitational so he falls with constant speed heading down, in other words very similar to how ZCL price fell xD), after which everyone lost hope in the project and even the team moved onto Bitcoin Private which is thought to be a triple fork. So ZCL went sideways for a while after which have seen the biggest pumps of this year with ZCL and the coin is actually looking to go up to its next resistance as it already broke its resistance 1, 0.003 BTC, and the next resistance is looking far away so we gonna have to fly, and from the pump we have seen already we know that this is not impossible and ZCL can fly!
However, this is a very risky trade as a lot of people have joined the trade at its bottoms and with the profit they have made, they can decide to close this trade where we can see the price dropping back to its bottoms... But for long term trade this is a great opportunity to make really easy profit by buying now because even if ZCL falls to its bottoms, we have seen how the price can be pumped with this coin, and in long term we can see ZCL breaking even the third resistance which would be OVER 300% POTENTIAL PROFIT!
My advice would be to buy this coin for long term HODL, BUT if you are willing to take the risk investing 10 % of your Blockfolio into this coin can bring you tremendous profit in short term. The targets shown below are solid for long term trade, however how good they are in short term, I don't think it is possible to know as the pumps and dumps this coin has shown is amazing!
Target 1: 0.00305 BTC
Target 2: 0.00806 BTC
Target 3: 0.0102 BTC
Stop loss: 0.00198 BTC
Re-buy: 0.00148 BTC
Coin potential price: 0.02 BTC.
However, this is a very risky trade as a lot of people have joined the trade at its bottoms and with the profit they have made, they can decide to close this trade where we can see the price dropping back to its bottoms... But for long term trade this is a great opportunity to make really easy profit by buying now because even if ZCL falls to its bottoms, we have seen how the price can be pumped with this coin, and in long term we can see ZCL breaking even the third resistance which would be OVER 300% POTENTIAL PROFIT!
My advice would be to buy this coin for long term HODL, BUT if you are willing to take the risk investing 10 % of your Blockfolio into this coin can bring you tremendous profit in short term. The targets shown below are solid for long term trade, however how good they are in short term, I don't think it is possible to know as the pumps and dumps this coin has shown is amazing!
Target 1: 0.00305 BTC
Target 2: 0.00806 BTC
Target 3: 0.0102 BTC
Stop loss: 0.00198 BTC
Re-buy: 0.00148 BTC
Coin potential price: 0.02 BTC.
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